"By now we all know that President Biden has cancelled the Presidential Permit for the Keystone XL (KXL) pipeline.
Needless to say climate activists have gleefully celebrated the decision.
But as I pointed out on Twitter, cancelling KXL will not reduce Alberta oil production and will not decrease global greenhouse gas (GHG) emissions.
The cancellation of the project is a
- massive windfall for US refiners and rail interests;
- a loss to provincial and federal coffers;
- will increase the GHG intensity of the oil; and
- will increase the risk to rail communities.
Needless to say, I was challenged on my claim so in this blog post I will justify those claims...Read all.
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